The Tron Foundation in its weekly report released on January 4, announced that it plans to overtake EOS regarding the amount of DApps on its network by the end of January 2019.

Tron also reported that it had completed work on its wallet regarding token name duplication, and was continuing work on its wallet for test multi-signature.

Advertisement

The report also covered numerous other developments related to Tron, including that proposal No. 13 submitted by Tron Founder Justin Sun was approved to increase the amount of total energy on the network to 100 billion.

‘Technical Development’ and ‘Developer Community’

For the report category ‘Technical Development’ it stated that Tron had completed work on hard fork logic optimization and developed the Event subscription function.

Tron has also organized documents related to token name duplication and reported that it is working on a multi-signature wallet.

In the ‘Developer Community’ section of the report it states that as of December 28th, about 280 teams had signed up for the Tron Accelerator contest.

They also held two meetups in New York and Boston on December 26 and 27 with attendances over 60 for both.

They have also released a minor update for the Energy calculator on Tron Station.

Global Community Developments

The Tron community approved proposal no. 13 by founder Justin Sun. The proposal will reduce the transaction costs of the Tron network with the hope of enablind network expansion. The total amount of energy on the network is now 100 billion.

Proposal no. 14, submitted by Tron ONE was also approved. This proposal allows users to create tokens with names that have already been used on the network as token names will not be the only way to distinguish different tokens from one another.

Note that Tron announced recently that token names would not be unrepeatable after January 5. All the tokens will now be identified only with the token ID.

TRC10 token's name will no longer be unrepeatable after Jan 5 2019, 6:00:00 AM UTC. From that time going forward token ID will be the only identifier. For more details please check the announcement in the link. #TRON#TRX$TRXhttps://t.co/qTdNa5UnzL

RELATED ARTICLES

MORE FROM OUR PARTNERS

[blokt] is a leading independent blockchain news outlet that maintains the highest possible professional and ethical journalistic standards. Journalists are required to meet our editorial policies and guidelines.